Casey's General Stores, Inc. (NASDAQ:CASY) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC lessened its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 96.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72 shares of the company's stock after selling 2,163 shares during the quarter. TD Private Client Wealth LLC's holdings in Casey's General Stores were worth $27,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CASY. FMR LLC boosted its stake in shares of Casey's General Stores by 3.8% in the third quarter. FMR LLC now owns 1,046,830 shares of the company's stock worth $393,305,000 after buying an additional 38,226 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Casey's General Stores by 1.3% in the third quarter. Geode Capital Management LLC now owns 655,488 shares of the company's stock valued at $246,335,000 after acquiring an additional 8,428 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Casey's General Stores by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company's stock valued at $178,822,000 after acquiring an additional 14,750 shares during the period. Envestnet Asset Management Inc. boosted its position in Casey's General Stores by 20.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company's stock worth $174,771,000 after purchasing an additional 77,515 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Casey's General Stores by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 273,332 shares of the company's stock worth $102,694,000 after purchasing an additional 702 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Mike Spanos purchased 267 shares of Casey's General Stores stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average price of $376.18 per share, with a total value of $100,440.06. Following the transaction, the director now owns 2,594 shares in the company, valued at $975,810.92. This represents a 11.47 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the transaction, the insider now owns 2,247 shares of the company's stock, valued at $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CASY has been the topic of a number of recent analyst reports. Benchmark reissued a "buy" rating and set a $410.00 price target on shares of Casey's General Stores in a report on Tuesday, September 10th. Evercore ISI increased their target price on shares of Casey's General Stores from $460.00 to $470.00 and gave the stock an "outperform" rating in a research note on Friday. Melius Research started coverage on Casey's General Stores in a research note on Monday, September 23rd. They issued a "buy" rating and a $435.00 price target for the company. JPMorgan Chase & Co. cut Casey's General Stores from a "neutral" rating to an "underweight" rating and upped their price target for the stock from $300.00 to $337.00 in a report on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Casey's General Stores has a consensus rating of "Moderate Buy" and a consensus price target of $419.45.

Casey's General Stores Price Performance

CASY traded down $3.12 on Tuesday, hitting $421.39. 224,764 shares of the company's stock were exchanged, compared to its average volume of 266,161. The firm has a 50-day moving average price of $406.89 and a 200-day moving average price of $383.42. The stock has a market cap of $15.64 billion, a price-to-earnings ratio of 29.37 and a beta of 0.80. The company has a current ratio of 0.88, a quick ratio of 0.44 and a debt-to-equity ratio of 0.74. Casey's General Stores, Inc. has a fifty-two week low of $268.07 and a fifty-two week high of $439.68.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.03 billion. During the same quarter in the prior year, the company earned $4.24 EPS. Casey's General Stores's revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts anticipate that Casey's General Stores, Inc. will post 14.28 earnings per share for the current year.

Casey's General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.47%. Casey's General Stores's payout ratio is 13.94%.

Casey's General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.